OpenAI reportedly nears a milestone on its own custom chips

Nvidia’s powerful GPUs have fueled today’s AI boom. The biggest tech companies have been hoarding those chips as they compete to train larger and larger AI models.

But no company likes a monopoly, which is why we’ve seen companies like Meta, Amazon, Microsoft, and OpenAI start to hedge their bets and begin designing their own custom AI chips.

Reuters reports that OpenAI is close to hitting a milestone in the development of its custom AI chips, which will be manufactured by TSMC. OpenAI plans to be mass producing the new chip by 2026.

Exclusive: OpenAI set to finalize first custom chip design this year

Reuters reports that OpenAI is close to hitting a milestone in the development of its custom AI chips, which will be manufactured by TSMC. OpenAI plans to be mass producing the new chip by 2026.

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Inside Trump Media’s head-scratching $6 billion merger to become a nuclear fusion company

“TAE is swinging for the fences for a grand slam,” one analyst told us, but the odds are against it.

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Report: OpenAI in early talks for new fundraising round with $750 billion valuation

Just yesterday, we were reading about how Amazon was in talks to invest as much as $10 billion in OpenAI, with an eye-popping valuation of more than $500 billion. But those numbers might already be old.

A new report by The Information says that OpenAI is in early talks to raise as much as $100 billion, with a $750 billion valuation.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

OpenAI Has Discussed Raising Tens of Billions at Valuation Around $750 Billion

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

GOP Lawmakers In D.C. Poised To Vote On Waivers That Allow California To Set Own Emissions Standards

US electric vehicle sales are expected to slide nearly 40% in Q4

This is weirdly good news for Tesla.

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Trump Media surges after announcing it is merging with fusion energy company TAE Technologies

Perhaps a strong late candidate for weirdest merger of the year, Trump Media — owner of Truth Social — is combining with fusion energy company TAE Technologies in a $6 billion all-stock deal.

As part of the deal, Trump Media will provide up to $200 million of cash to TAE at signing, with an additional $100 million available once the initial filing of the Form-S4 is completed (form for registering new securities).

The deal will create “one of the world’s first publicly traded fusion companies,” per the press release revealing the combination, which also states:

“In 2026, the combined company plans to site and begin construction on the world’s first utility-scale fusion power plant (50 MWe), subject to required approvals. Additional fusion power plants are planned and expected to be 350 – 500 MWe.”

The announcement sent Trump Media shares up as much as 30% in premarket trading on Thursday, though it’s since shed some of that bump, holding above a 20% gain as of 7:30 a.m. ET.

Republican Presidential Nominee Former President Trump Holds Rally In Butler, Pennsylvania

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